UK GDP amongst market movers today – Danske Bank

Danske Bank analysts point out that in the UK we have the monthly GDP estimate for November, which will be decisive for whether the BoE will cut the policy rate later this month and think this may lead to further GBP weakness, as it is not yet priced in.

Key Quotes

“This week we are looking very much forward to the official signing of the US-China phase-1 trade deal on Wednesday.”

“In terms of economic data releases, we have some highlights worth mentioning: Swedish CPI inflation and US retail sales on Wednesday, ECB minutes on Thursday and US industrial production and Chinese economic indicators for retail sales, investments and Q4 GDP on Friday.”